Spot yuan opened at an intraday low of 6.6850 per dollar, its weakest level since July 20, hovering around that area in early trade.
Iran’s plan to keep boosting crude production until it regains its OPEC market share is dimming prospects of collective action by major producers to freeze output, according to Patrick Allman-Ward, chief executive officer of Dana Gas PJSC.
The Dow Jones Industrial Average rose 76 points, or 0.4%, to 18471 shortly after the opening bell. The S&P 500 gained 0.4% and the Nasdaq Composite added 0.2%. Shares in Europe and Asia mostly declined.
S&P 500: 2,177.80
NASDAQ : 5,233.14